Shenghe Energy Technology Investment Supports Aragon Battery Recycling

Shenghe Energy Technology Investment Expands Aragon’s Battery Recycling Ecosystem

On August 26, Shenghe Energy Technology Co., Ltd., through its subsidiary Veranova Technology, announced a EUR 25 million investment in a circular economy plant in Pedrola, Zaragoza. The facility will focus on recycling NMP, a key solvent used in battery manufacturing, and is expected to create up to 100 jobs. The project will recover and purify as much as 100,000 tonnes of NMP per year at more than 99,92% purity. It will also incorporate heat recovery exceeding 80%, supporting resource efficiency while strengthening the battery ecosystem in Aragon.

Recycling Capacity and Industrial Impact

The planned facility is designed to recover and purify large volumes of NMP, making the project relevant to the industrial supply chain supporting battery manufacturing. With annual processing capacity of up to 100,000 tonnes and a stated purity level above 99,92%, the plant is intended to return recovered solvent to high-value industrial applications. The investment by Shenghe Energy Technology Co., Ltd. also has a direct employment dimension, with the project expected to create up to 100 jobs. Through Veranova Technology, the investment adds circular-economy capacity to the regional battery ecosystem.

Energy Efficiency and Regional Battery Development

More than 80% heat recovery is planned for the facility, highlighting energy efficiency as another central element of the project alongside solvent recovery and purification. By combining material recovery with substantial heat reuse, the plant is positioned to support a more resource-efficient approach to battery manufacturing inputs. The investment is also expected to strengthen the industrial battery ecosystem in Aragon, while the facility’s location in Pedrola, Zaragoza, connects the project to the region’s broader manufacturing base. The combination of recycling capacity, high-purity recovery and heat efficiency gives the project significance beyond employment creation.

Frequently Asked Questions

What is Shenghe Energy Technology investing in Aragon?
Shenghe Energy Technology is investing EUR 25 million through Veranova Technology in a circular economy plant in Pedrola, Zaragoza, focused on recovering and purifying NMP used in battery manufacturing. The facility is expected to create up to 100 jobs and process as much as 100,000 tonnes of NMP annually at more than 99,92% purity. More than 80% heat recovery is also planned, supporting improved energy efficiency. The project is intended to strengthen the battery ecosystem in Aragon through increased recycling and resource recovery capacity.